Merkel: Officials ready to stabilize eurozone

8 June 2012

Policymakers across Europe are fully prepared to take action to make sure the eurozone's financial system remains stable in the coming months and years.

That is according to German chancellor Angela Merkel, who has insisted officials are ready should the need arise for them to implement strong measures to protect the overall wellbeing of the economic bloc.

Ms Merkel held a meeting with British prime minister David Cameron in Berlin yesterday (7 June) to discuss how the crisis is being managed, with Mr Cameron calling for "urgent action" to be taken to resolve the region's problems.

And the German leader has insisted that, through the use of the eurozone's bailout funds, any assistance policies are possible.

"It is important to stress again that we have created the instruments for support in the eurozone and that Germany is ready to use these instruments whenever it may prove necessary," she stated.